クリプトドットイン

暗号に強い人材のためのオルタナティブ・リンクトイン

Shiba Inu Burn Rate Skyrockets 200,000% in 24 Hours – Is a Price Surge Next?

TL;DR

  • SHIB’s burn rate explosion in a single day has sparked renewed hopes that the meme coin could post substantial gains in the short term.
  • However, the decreased activity on Shibarium and the recent asset flow toward exchanges suggest the bears are not done yet.

Millions of SHIB Tokens in Flames

The second-largest meme coin in terms of market capitalization has retraced by 3% in the past week and currently trades at around $0.00001223 (per CoinGecko’s data). 

However, data shows that the burn rate has skyrocketed by over 200,000% in the last 24 hours, resulting in roughly 4.5 million SHIB tokens sent to a null address. While the USD equivalent of the destroyed stash is negligible, continuous burning efforts will make the asset scarcer and could positively impact its valuation (should demand not diminish).

Since introducing the program, the team and the community have burned approximately 410.75 trillion tokens, leaving 584.68 trillion in circulation.

SHIB Supply
SHIB Supply, Source: shibburn.com

Some analysts on X continue making bullish predictions despite SHIB’s negative performance as of late. Mark.eth is among the examples, arguing that Shiba Inu can “make you rich” like no other altcoin. For their part, CryptoELITES envisioned a whopping 17x increase to a new all-time high of $0.00023.

Important indicators, on the other hand, hint that the correction might intensify in the short term. Daily transactions processed on the layer-2 scaling solution Shibarium have 急落 to monthly lows, showcasing decreased user engagement in the ecosystem. 

In addition, Shiba Inu’s exchange netflow has been predominantly positive in the last week. This means that investors have shifted from self-custody methods toward centralized platforms, which increases the immediate selling pressure.

SHIB Exchange Netflow
SHIB Exchange Netflow, Source: CryptoQuant

Interest is Low, but Is That a Bullish Sign?

When examining SHIB’s performance and trying to predict its future price movement, it is always helpful to observe the overall interest in the asset. According to Google Trends, searches involving the meme coin in the past several months are far below the record high at the end of 2021 and the local peak in March last year.

Interest in SHIB
Interest in SHIB, Source: Google Trends

While this may sound like another bearish element, high retail interest typically comes late in the bull cycle when the price is already booming. That said, the current condition might be interpreted as a sign indicating there’s more room for growth.

ポスト Shiba Inu Burn Rate Skyrockets 200,000% in 24 Hours – Is a Price Surge Next? に初登場した。 クリプトポテト.


コメント

コメントを残す

メールアドレスが公開されることはありません。 が付いている欄は必須項目です

最新フィード

人気カテゴリー

ウェブサイトを検索

人気記事

タグ

#AlexeyPertsev (1) #Bidenクリプトバン (1) #Biden選挙 (1) #BinanceVsCoinbase (1) #ビットコイン (457) #BitcoinETF (3) #ビットコイン基礎知識 (1) #ビットコインの取り扱い (1) #Bビットコイン価格 (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #ビットコイン・サージ (1) #Bitcoinトップ (1) #Bitfinex (1) #ビットワイズ (1) #BracebridgeCapital (1) #BRC20トークン (1) #BTC取得 (1) #Bullish予測 (1) #Bullishセンチメント (1) #中国鉱業 (1) #CPプレビュー (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #クリプトマニア (1) #CryptoMarket (4) #CryptoPrediction (1) #Crypto予測 (1) 1TP5トリプトレギュレーション (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty(暗号の不確実性 (1) #Dデリバティブジャンプ (1) #Dogecoin (74) #Dogecoinゲイン (1) #Dogecoinボリューム (1) #ダッチコート (2) #ECコマース (1) #ElSalvadorビットコイン (1) #Ethereum (74) #EthereumPain (1) #EthereumPrice (1) 1TP5専門家の意見 (1) #Fedレートカット (1) #FiatCurrency (1) #フィナンシャル・インパクト (1) #フィナンシャル・プライバシー (1) #Firmシャットダウン (1) #F凍結アカウント (1) 1TP5自己資金 (1) #InflationData (1) 1TP5投資 (1) 1TP5投資損失 (1) #日本ファーム (1) #法的措置 (1) 1TP5法的影響 (1) #法律 (1) #LightningNetwork (1) #市場分析 (3) #Mマーケットモニタリング (1) #M市場予測 (1) #市場予測 (1) #M市場予測 (1) #Mマーケットサポート (1) #マーケットボラティリティ (1) #マリッジ (1) #MemeCoin (5) #Memeコイン (2) #Miner収益性 (1) #マネーロンダリング (2) #MtGox (4) #北朝鮮暗号 (1) #ノボグラッツ予想 (1) #Priceマイルストーン (1) #P価格予測 (2) #Price質問 (1) #プライスサージ (1) #Prisonセンテンス (1) #QuantAnalysis (1) 1TP5規制圧力 (1) #SECアンチクリプト (1) #ShibaInu (6) #SocialBuzz (1) #技術分析 (1) #トンコイン (3) #トルネードキャッシュ (3) #TornadoCashDev (1) #TornadoCashデベロッパー (1) #UKクリプト (1) #Upsideポテンシャル (1) #USCongress(米国議会 (1) #ワイオミングランド (1) #XRP価格 (1) #XRPupswing (1)

お役立ちリンク

私が役に立ち、共有したいと思ったリンク